What if the Bitcoin was in note?

[Bright0515]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

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[Hatchy]

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

First off, Bitcoin can never be in notes, that's why it's called a digital currency not fiat. notes are called fiat and are controlled by the government and financial institutions can manipulate them. I see no reason to imagine Bitcoin being notes as if it were so, it would be used and owned by just one country and not used world wide. In Such situations, the country would never allow their money to leave their borders and if found outside there might be consequences. Just put this on your mind that Bitcoin can never be in Fiat form.

[Jegileman]

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

You should first understand the concept of bitcoin and know that it is not and can never be a note that could be held around like the fiat currencies. Bitcoin is a digital currency and anything that has to do with being digital cannot be physical. If it happens to be physical one day, then the main aim of its establishment have been violated. It wont be decentralized anymore as a value given to you or withdrawn can be traced back to you for being the one holding from a certain value to another value. This is just like the fiat that every note has a special number written on it that no more than one currency can get the same number. These are some of the ways that government trace money back to the person it was given to or when stolen from a bank and the notes are found wanting in a particular place that is not suppose to be.

 

[Kliss]

That is an interesting scenario to imagine But Bitcoin is indeed a digital currency and not in the form of physical notes like fiat currencies. It's decentralized and operates on a global scale, allowing people from all over the world to use and trade it. The unique nature of Bitcoin being digital provides advantages such as ease of use, security and accessibility. So it's not correct we should not imagine Bitcoin in the form of physical notes as it goes against its fundamental characteristics. If bitcoin was in note it won't had been accepted globally and world economical powers would have suppress its growth, it wouldn't have gained momentum as it is now.

[rachael9385]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

   No brother, no be so e be, as this country done rough reach, no body go lose money den still no reason am say em money done lose,  as this country dey so, e done hard for everybody, as we dey work money we no dey pray make them loss.
   1k no be big money again for this country but with that 1k we fit also chop a plate of rice even if say e no bellefull person.

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

   The other things wey you never understand be say, if Bitcoin nah paper money the government go hold am and them go also take big responsibility for anything bitcoin, and again the government go control bitcoin with all the power wey them get.
   E get one other thing we you gets understand, no body actually know who created Bitcoin, we only know the names of who invent am but we know really know the person.

[Makus]

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

First off, Bitcoin can never be in notes, that's why it's called a digital currency not fiat. notes are called fiat and are controlled by the government and financial institutions can manipulate them. I see no reason to imagine Bitcoin being notes as if it were so, it would be used and owned by just one country and not used world wide. In Such situations, the country would never allow their money to leave their borders and if found outside there might be consequences. Just put this on your mind that Bitcoin can never be in Fiat form.

You answered the op as if you are in my mind. I was gonna say same thing, if Bitcoin existed as a fiat currency and not a digital currency then the main essence of Bitcoin to bridge the gap between p2p would not be achieved. Bitcoin was created so that we'll not have an intermediary when making p2p transactions, and the essence  was to provide a fast and realiable system where you will also have full control over your fund, than letting an intermediary hold your funds for you, and that Is why we are advised not to keep our fund in exchanges  except you are about to make exchange. Hence Bitcoin can't stand as a note even with imagination, you'll find out that it can't be possible because you'll completely destroy it's main purpose as a system for p2p transactions.

Op to answer your question, first we must not use bit as an example but let's take another thing that has a good monetary value. Let say for instance gold, you I saw gold on the floor outside, I'll definitely pick it up and use it. Because you cannot find the owner especially if there is no written text or any information that might lead you to the owner. So same for fiat, if you see 1000 naira on the floor, you cannot tell the owner of the money.

[Churchillvv]

Although you have made it clear that you aren't serious with the question, still you should wake of such dreams of Bitcoin being in a note or fiat format.

Bitcoin is an alternative currency (digital) it can't really be in form of fiat because it wouldn't be enough to go round the world or country as it's limited in number, BTC is just 21 million and it can't exceed that number so with the way fiat is being produced every day it's quite not so with Bitcoin hence it can't be enough to handle a country financial system.

Additionally Bitcoin can be lost as fiat but it's not physical, its almost impossible to find someones Bitcoin wallet seed phrases, so it is difficult to stubble upon a lost bitcoin. even if Bitcoin was to be in fiat format how many people would have owned it? only the calibers of people whom Bitcoin isn't in support of (centralized authorities/ government).

In conclusion, buddy e no possible at all!

[Jaycoinz]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

This question of yours is something and I will leave it at that because the first ever reason why Bitcoin has been this successful it's because it's an online money which means digital money although I think they are coins forms of Bitcoin but I don't think that's the area you are pointing out. The one major reason why the paper money is being tied to massive inflation is because it's actually controlled by some government officials.

[Dr.Bitcoin_Strange]

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

One bitcoin is about 113, 000,000 in naira. Now the question is, do you see anyone who is going about with ₦113 million in their pockets or on their hands and walking aimlessly on the street or in public places? 

Gold is of great value; do you see people walking about aimlessly with tones of thousands of gold in the public? No! 

If Bitcoin were in cash, which is what you mean, there would still be ways of making it divisible into fractions, just like it is today. 

A huge tone of Gold can be divisible into small pieces of gold jewelry, and people can freely go around with it. Cash notes can also be divided into small amounts, which people can freely carry around and face no security threat. 

[Cryptomultiplier]

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

One bitcoin is about 113, 000,000 in naira. Now the question is, do you see anyone who is going about with ₦113 million in their pockets or on their hands and walking aimlessly on the street or in public places? 

Gold is of great value; do you see people walking about aimlessly with tones of thousands of gold in the public? No! 

If Bitcoin were in cash, which is what you mean, there would still be ways of making it divisible into fractions, just like it is today. 

A huge tone of Gold can be divisible into small pieces of gold jewelry, and people can freely go around with it. Cash notes can also be divided into small amounts, which people can freely carry around and face no security threat. 

In addition, I think there would be a reserve bank for BTC if it were in cash. More ATM machines would be clearly visible and functional across all countries where it's being used.
It would also be taxed per individual if BTC were in cash.
Finally, the world would definitely become smaller with less boundaries because of a single significant BTC note, used in every country and for any transactions.

[Pi-network314159]

maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high

No matter how small a lost amount may be, it must surely affect the owner. You can't use exchange rate to justify a lost amount. all amount is important even if $1 lost from a white man you think they don't feel it because it is $1? Kindly note that we all are humans inrespective of our race.

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street.

First of all bitcoin can never be on notes, Because it is a digital money that runs on blockchain protocol which implies that it moves from wallet to wallet. And it changes in price on a regular basis the price of Bitcoin is too volatile to be a note. You might go to the supermarket and decide to buy a goods of 1BTC at maybe @67k. before your arrival to the supermarket btc price has dropped to $66k you may not be able to afford what you wanted to buy because the price has changed. And the goods you wanted to purchase was $67k.

Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

To be honest I can never return back that btc because it doesn't have a mobile number to contact the owner just like the usual fiat lost and people always pic without return, such will be don to it. And moreover if bitcoin were to be in note with that price, it will not be ranpard because even bank will not release it any how because it is too expensive and it will be limited in supply in banks because creating more of it will reduce it value.

[DaNNy001]

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

One bitcoin is about 113, 000,000 in naira. Now the question is, do you see anyone who is going about with ₦113 million in their pockets or on their hands and walking aimlessly on the street or in public places? 

Gold is of great value; do you see people walking about aimlessly with tones of thousands of gold in the public? No! 

If Bitcoin were in cash, which is what you mean, there would still be ways of making it divisible into fractions, just like it is today. 

A huge tone of Gold can be divisible into small pieces of gold jewelry, and people can freely go around with it. Cash notes can also be divided into small amounts, which people can freely carry around and face no security threat. 

In addition, I think there would be a reserve bank for BTC if it were in cash. More ATM machines would be clearly visible and functional across all countries where it's being used.
It would also be taxed per individual if BTC were in cash.
Finally, the world would definitely become smaller with less boundaries because of a single significant BTC note, used in every country and for any transactions.

I also thought as much. But the real mater na say government for take charge the wey them dey manipulate binance exchange today. Binance exchange done already reach government say instead them go pay any taxes them go block p2p transactions from Nigerian users and ready them done do am. Now na the Nigerians dey suffer the suffer. I no agree make Bitcoin dey in note, even if Bitcoin gets em own ATM for this country, our government go won fund ways to manipulate them with tax payments and other things.

[odunybiz]

Digital currency will always be what it is. Making it a note may have a significant effect on its value. Nevertheless, one BTC is a very huge value for one to hold and move about with. This can even increase the rate of robbery within the country.

[DaveNeck]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

If Bitcoin was a physical note, it would definitely change the way people think about and use it. It would be much easier to carry around and exchange, and it might even gain more mainstream acceptance. However, it would also lose some of the unique features that make Bitcoin so special, like its decentralization and immutability. I think it's an interesting thought experiment, but I'm not sure if it would be better for Bitcoin in the long run.
I think the main appeal of Bitcoin is its ability to operate outside of traditional financial systems, and I think making it a physical note would make it less unique and revolutionary. Still, it's always fun to think about what could be if things were different.  I wouldn't even appreciate it were in a note because this uniqueness of it comes from the peculiarity of it so I don't  think it would be better of in note

[Zigabel]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Bitcoin been in Note will defeat the idea behind Bitcoin to even start with, if you really understand the idea behind Bitcoin, I'm sure such assumptions wouldn't even cross your mind, I'm not trying to say any less of your idea but I'm only trying to be logical as to why your assumptions seem not to be adding up, unlike other regular currencies which are also regarded as Fiat, they are asr only there for the exchange of goods and services having been valued in their local denomination but with Bitcoin the idea it totally different as it goes way beyond just for the purpose of payment a d valuing for a certain amount of Goods and service but with Bitcoin a store of value which is independent of external control can be achieved.

There are much more to Bitcoin which I can exhaust responding to this thread and that's why I would just say the idea behind Bitcoin is just so much that it just can't be reduced to mare notes and be exchanged commonly amongst individuals on the streets of any city.

[Barikui1]

If Bitcoin was in note, it wouldn't be special anymore, because the essence of it creation is it privacy and the inability for the government to track and monitor it like the fiat currency that have no privacy, because if it was in note, it will definitely be stored in the Bank which will eventually makes it less different from the fiat currency.

And asking if people will walk around with it in their pockets? To me it's a big No, because you don't see someone that is mentally ok walking around with an asset like Bitcoin in his pocket that is worth 100 million plus, no right thinking person will do that, however that can never happen in reality, because Bitcoin is a digital currency, it can never be in note.

[Hewlet]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

you've missed a whole lot of point in course of your writeup.

First off, Bitcoin is a decentralized digital  currency and anything that makes it to be printed, it has lost that digital and decentralized nature. If bitcoin is being printed then we have to talk about how much Bitcoin is being printed into circulation and also regulate how they are being pumped so it doesn't get excess or scarce which automatically means it is no longer decentralized.

That being said, the decision to pick someone's misplaced properly on the street is a personal issue and you can't get a general opinion regarding it. Based on the kind of society we live in and looking from the religious and diabolical point of view, it's not advisable to talk up even fiat on the road because the days are evil. If it's a property like phone that you could easily reach back to the owner that misplaced it, then it's not a big deal to take it for that purpose but anything outside of that, it's a no no for me.

[laijsica]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

No one wants to lose their own money and BTC is one of the digital currency that every owners can kept in separate secure custody. We hold fiat money into our wallet and pocket, It can be lost or stolen on the road. BTC can also be lost through digital hacking or if you forget keyword. Even if you completely forget your wallet private key it can be lost forever.

[Chibit01]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

No one wants to lose their own money and BTC is one of the digital currency that every owners can kept in separate secure custody. We hold fiat money into our wallet and pocket, It can be lost or stolen on the road. BTC can also be lost through digital hacking or if you forget keyword. Even if you completely forget your wallet private key it can be lost forever.

Everly, we just need understand that...Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography. operates free of any central control or the oversight of banks or governments. If bitcoin comes as a note comrade believe government would have come to withheld it and take control of it in full time setting their rules and obligations against how it should flow....

Bitcoin has become the best digital currency that all the owner or possessor can kept it in a very confidential custody.. which will hardly get lost unlike note currency.....

I even preferred bitcoin to be that digital currency which they are meant to be than note because it is very digital and very well secure in that wallet installed either in your phone or system that even if your phone got lost you can easily retrieve your wallet and your cryptocurrency {bitcoin) back when you logged your wallet in another phone or system hence you have a security in your wallet the likes of 12phrase 6phrase and so on......

[AVE5]

In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

Who told you Op that aside Nigeria people don't feel great losts when they misplaces or looses their fiat currencies from their pockets, wallets or however? Do you think because we've up to #1,000 in a note meaning our currency is more valuable to be lost when comparing to other countries? Do you know the value of just $10 to Naira? Because naira does not have value in our present economy I guess you don't know a lot much valuable a $10 could afford in a stable economy maybe if I should have the United States for instance.
You should also know rat there are average and vulnerables there in the region and so, they could also feel bad if they could lost such amount of money.
The reality is that the pain of misplacing your money at no returns is usually painful only when the lost fund is not affordable to be lost.
Take that for a clear notice.

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Why not, no one ever intentionally misplaces their money nomatter how little it maybe. So, there's Possibilities that anyone could lost even more than 1-Bitcoin despites its value. Mistakes and carelessness will always occur to some person's sometimes and bitcoin wouldn't be the most ever valuable to be lost in such cases because many has lost gold and other asset's worth than the value of bitcoin today at the rate of $71,000. As long as the printed bitcoin is not magnetic technology with the body who holds it then it is possible to be lost or misplace. One thing is sure that when you hold a treasure or a valuable one would always be careful in handling it but there'd always be that tendencies to loose guard from it.
For someone to pickup bitcoins by the streets and return it back to the owner is possible and impossible because there had been people picking worth than 1bitcoin of today's value and still finds a way to reach the owner for retrieval while some persons made away with it even when it is the least penny of $1. It all just depends on the individuals if it was a good Samaritan or a treasure hunter.